In section 419, for sub -section (4), the following sub-section shall be substituted, namely:— — THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 18-8-2021

In section 419, for sub -section (4), the following sub-section shall be substituted, namely:—

32. In section 419, for sub -section (4), the following sub-section shall be substituted, namely:— " (4) The Central Government shall, by notification, establish such number of benches of the Tribunal, as it may consider necessary, to exercise the jurisdiction, powers and authority of the Adjudicating Authority conferred on such Tribunal by or under Part II of the Insolvency and Bankruptcy Code, 2016. " .

Section 32